Jody is single and had a taxable income of 142,000 last year. Using the following tax table calculate her federal income tax liability: Tax Rate Income Bracket (Single) 10% $0-$10,275 12% $10,276-$41,775 22% $41,776-$89,075 24% $89,076-$170,050 32% $170,051-$215,950 35% $215,951-$539,900 37% $539,901 or more.

Below is a (partial) copy of New Jersey Tool's most recent income statement and balance sheet: Income Statement Current Year Sales 2353 COGS 1027 SG&A 263 Depreciation 275 Interest Expense 110 Tax Rate 23 Balance Sheet Current Year Prior Year Assets Cash 592 600 A/R 1205 1128 Inventory 857 809 Net PP&E 1084 870 Liabilities A/P 601 623 Bonds Payable 1208 1136 What was New Jersey Tool's free cash flows?